Delhivery’s Rs 5,235 crore IPO, which was subscribed 1.63 times, is expected to finalize the share allotment on Thursday, May 19. The public offering received bids for 10.17 crore shares against 6.25 crore shares on offer, according to NSE data. The issue was sold at a price of Rs 462-487 per share. The issue is expected to IPO on May 24. After a successful listing on BSE and NSE, Delhivery will join fellow listed companies Blue Dart Express, TCI Express and Mahindra Logistics. On Monday, in the gray market, Delhivery IPO shares traded flat.
The initiation of repayments or the release of funds from the ASBA account will take place on May 20 and the shares will be credited to the demat accounts of the beneficiaries on May 23, according to RHP. Market watchers say Delhivery’s IPO has received a lukewarm response from investors. However, the show sailed thanks to a subscription from QIB investors. “The company has seen robust revenue growth, but losses have also increased in the same way, which has made investors wary. High valuations and adverse market conditions may dampen the listing. IPO may around the issue price and if market conditions deteriorate, we could even see a discounted listing coming up,” Abhay Doshi, founder of UnlistedArena.com, which specializes in pre-equities, told FinancialExpress.com. -IPO and unlisted IPO investors can check IPO award status via BSE and Registrar websites Issue Registrar is Link Intime India Private Ltd, a SEBI-registered entity, responsible for allocating the IPO and processing refunds.
Check the Allotment Status of Delhivery Shares through Registrar Website Link Intime India
To check the stock allotment status, select the company name as “Delivery — IPO” from the drop-down list on the Link Intime India website when declared. Check the PAN, Application Number or Custodian/Client ID box. Accordingly, enter the Permanent Account Number or Application Number or Custodian/Client Number in the box. Enter the given captcha in the space provided and click on the submit button. This will display the number of shares that have been applied and assigned to the investor.
Check the stock allotment status at Delhivery through the BSE website
Another way to check the award status at Delhivery is through the ESB website. Select ‘equity’ as issue type and ‘Delhivery’ as issue name from the drop-down list, when reported. Enter the application number and the PAN (permanent account number). Click on “I am not a robot”. In the last step, click on the search tab to view the status details.
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